BIS Research - Emerging Technology Market Intelligence

What the Stakeholders Must Do to Make Electric Vehicles a Reality

Mar 25, 2019 3:49:28 AM / by BIS Research posted in Electric Vehicles Forecast, Electric Vehicles Market Share, Electric Vehicles Market Trends, EV battery, EV Battery Market, EV Battery report, EV market, Automotive, Electric Vehicles Market, EV Battery industry, Global EV Battery Market

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Written by BIS Research Analysts Ajeya Saxena

In spite of rapidly increasing adoption of electric vehicles (EVs), their competitiveness in terms of performance and pricing with internal combustion (IC) engine vehicles still seems a farfetched objective. Sluggish developments in the battery chemistry combined with the scarce supply of raw materials have been major roadblocks in the EV market establishment. Stakeholders in the EV market have already invested more than $150 billion between 2014 and 2018 to overcome the challenges faced by EVs. While automotive OEMs have been key contributors in terms of investment, government support in form of subsidies and tax incentives has played a pivotal role in ensuring EV adoption.

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Lithium Ion Batteries Making Their Way in Electric Vehicles Market

Mar 26, 2018 7:22:08 AM / by BIS Research posted in Electric Vehicles Battery Market, Electric Vehicles Battery Market analysis, Electric Vehicles Battery Market trends, EV Battery Market, Automotive, Electric Vehicle Battery Cost Forecast, Electric Vehicles Battery Market forecast, Electric Vehicles Battery Market growth, Electric Vehicles Battery Market share, Global Electric Vehicles Battery Market Size, Global Electric Vehicles Battery Market, Global Electric Vehicles Battery Market report, Global Electric Vehicles Market Volume, Global EV Battery Market, Global EV Battery Market Size

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Global warming and rapidly increasing pollution level are some of the alarming environment concerns that have led the manufacturers in the automotive industry to opt for the alternative sources of energy. Batteries have been used as a secondary source of energy ever since the introduction of the first automobile.  According to the market intelligence report by BIS Research titled, ‘Global Electric Vehicles Battery Market- Analysis and Forecast (2017-2026), the market is expected to register a CAGR of approximately 20% during the forecast period. This tremendous market growth is attributed to the increasing demand for electric vehicles, stringent governmental regulations, and high energy density of batteries. Further, the electric vehicle market is driven by the changing paradigms in governmental regulations and increasing environmental awareness among the consumers.

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